IDEX's gross profit for the
three
months ended in Dec. 2023 was $337 Mil. IDEX's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1,447 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. IDEX's gross profit for the
three
months ended in Dec. 2023 was $337 Mil. IDEX's Revenue for the
three
months ended in Dec. 2023 was $789 Mil. Therefore, IDEX's Gross Margin % for the quarter that ended in Dec. 2023 was 42.69%.
IDEX had a gross margin of 42.69% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of IDEX was 45.10%. The lowest was 43.69%. And the median was 44.52%.
IDEX Gross Profit Historical Data
The historical data trend for IDEX's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Industrial Machinery subindustry, IDEX's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IDEX Gross Profit Distribution
For the Industrial Products industry and Industrials sector, IDEX's Gross Profit distribution charts can be found below:
* The bar in red indicates where IDEX's Gross Profit falls into.
IDEX Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
IDEX's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,447 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
IDEX's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
IDEX (NYSE:IEX) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
IDEX had a gross margin of 42.69% for the quarter that ended in Dec. 2023 => Durable competitive advantage
IDEX Gross Profit Related Terms
Thank you for viewing the detailed overview of IDEX's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.
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